Singapore legislation

Clause 4

of Electronic Conveyancing and Other Matters Bill

Clause 4

Amendment of First Schedule

In the Electronic Transactions Act 2010, in the First Schedule —

(a)

in item 2, in the second column, replace the matter with —“The creation, performance or enforcement of an indenture, declaration of trust or power of attorney, with the exception of —

(a)

an implied, constructive or resulting trust;

(b)

a lasting power of attorney as defined under section 2(1) of the Mental Capacity Act 2008; and

(c)

an indenture that is a document or instrument mentioned in section 16W(1) or (2) executed in a prescribed electronic transaction system mentioned in section 16W”;

(b)

in item 3, in the second column, after “or any interest in such property”, insert “, with the exception of a contract concluded in a prescribed electronic transaction system mentioned in section 16U”; and

(c)

in item 4, in the second column, after “any interest in immovable property”, insert “, with the exception of a disposition of an equitable interest respecting any immovable property or interest in such property, executed in a prescribed electronic transaction system mentioned in section 16V, and a conveyance or transfer executed in a prescribed electronic transaction system mentioned in section 16W”.